Trade & Investment
Doing Business in Nigeria
Preserved market-entry guidance for operating in the Nigerian market, with a dedicated subsection on Products from Nigeria.
Promising sectors for U.S. business
The U.S. Commercial Service, the trade promotion arm of the U.S. Department of Commerce International Trade Administration, confirms that prospects for U.S. business in Nigeria are especially promising in the following sectors:
- Oil and gas equipment
- Healthcare services and medical equipment
- Electrical power generating equipment
- Computer hardware/software
- Telecommunications equipment
- Automobile parts and accessories
- Construction and earth moving equipment
- Agricultural products and equipment
- Franchising
Why is Nigeria an important market?
Nigeria is Africa's most populous country with a population of over 150 million (as recorded on the original page). This makes one in every six Africans a Nigerian. It is also one of the largest oil producers on the continent, creating huge inflows of foreign income. Nigeria holds enormous commercial potential as recent administrations have focused on developing the non-oil economy and tackling corruption and red tape.
How do I set up a company in Nigeria?
There is no restriction on foreign nationals or foreign entities doing business in Nigeria; however, they must incorporate a local vehicle before commencing business. Companies are set up through and regulated by the Corporate Affairs Commission.
Contacts for setting up a business in Nigeria
U.S. companies should be assured that many genuine business opportunities exist in Nigeria. Most Nigerians are positively disposed toward the United States and have a strong affinity for U.S. products. Nigeria has many honest businessmen and women eager to form partnerships with U.S. counterparts. If U.S. business travelers prepare prudently, a business trip to Nigeria can be a profitable and rewarding experience.
Source: The U.S. Commercial Service, the trade promotion arm of the U.S. Department of Commerce International Trade Administration — content preserved from the original Council page. Population figures reflect the original publication date.
Products from Nigeria
Explore Nigerian export products and featured exporters in the dedicated subsection.
